Saturday, May 28, 2011

FCX: More On Cup & Handle Patterns



(Click on charts to enlarge, then click on them again for further enlargement).

Notes are on the charts, for easier reading. In the second chart, note particularly the H&S Top pattern that resolved to the UPSIDE. Those are unusual patterns, but they can be helpful in determining upside targets, as we've seen a couple of times in the FCX intraday charts.

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